But keeping the company flying is a different challenge, particularly in these tough and uncertain markets. In a McKinsey analysis of almost 1,800 startups, 78% that had launched a successful product failed to scale it up. Why? It is not just about ideas or capital, but is driven much more by whether or not founders can build a robust organization and culture. In fact, investors have attributed 65% of any less-than-expected performance in their portfolio companies to issues related to people and organizational set-ups. Hyper-scalers are geared to outperform the industry, remain resilient during downturns, maintain strong cash positions, set a high bar for corporate performance, and make calculated bold moves.
Five factors stand out from McKinsey’s experience with founders in India and around the world who have scaled up to build organizations that endure:
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